Kevin is a cautious investor but would like to benefit from the potential returns from property. Which of the following might mean he prefers to do this through an insurance company property fund rather than through a Real Estate Investment Trust (REIT)?

The insurance fund should be a lower risk as they cannot utilise gearing

He would rather be in a pooled investment with other investors

He wants to avoid the 6-month potential deferral period on encashment

He wants to use his Capital Gains Tax annual exempt amount on encashment

Which of the following lump-sum death benefits is only payable from a scheme pension (ie crystallised funds) that arises from a defined benefit scheme?

A defined benefits lump-sum death benefit.

A pension protection lump sum death benefit.

An annuity protection lump sum.

An uncrystallised lump sum.

James makes a lifetime gift into a trust which isn’t an absolute/bare or disabled trust. How much tax is due immediately? Assume no annual exemptions are available.

20% on the amount gifted into trust

20% on the amount gifted into trust that exceeds the available nil rate band

40% on the amount gifted into trust that exceeds the available nil rate band

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